Madison Large Cap A
MNVAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Kansas City, MO 64105-1407 Saint Paul MN United States of America 55101
- IPO Date
- Sep 20, 2013
- CIK
- 0001214511
- Website
- mairsandpower.com
- Similar Companies
- Business
- Madison Large Cap Fund Class A (MNVAX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of established, high-quality large-cap companies; it employs bottom-up fundamental analysis focusing on businesses with stable revenue and earnings growth, high profitability metrics, low debt levels, sustainable competitive advantages, and reasonable valuations. The fund maintains a concentrated portfolio of 25-40 holdings with high active share versus the S&P 500 Index benchmark, up to 35% in foreign securities including American Depositary Receipts and emerging markets, and emphasizes risk management, downside protection, and an all-weather approach through rigorous evaluation of business models, management teams, and valuations. Madison Large Cap Fund Class A belongs to the large blend equity category within Madison Funds, distributed by MFD Distributor, LLC and managed by Madison Asset Management, LLC, part of the 100% employee-owned Madison Investments organization that oversees approximately $28 billion in assets across U.S. equity, fixed income, multi-asset, and international strategies for institutional, retirement plan, and individual investors nationwide and in Canada. Madison Large Cap Fund offers four share classes including Class A (MNVAX, inception September 23, 2013, expense ratio 1.16%), Class Y (MINVX, inception November 1, 1978), Class I (MIVIX, inception August 31, 2020), and Class R6 (MNVRX, inception September 23, 2013); as of September 30, 2025, top holdings include Alphabet Inc. Class C (9.56%), Arch Capital Group Ltd. (6.27%), Amazon.com Inc. (5.70%), and Ferguson Enterprises Inc. (5.45%), with net assets reflecting its position among large blend funds. The fund targets high-conviction, quality growth-at-a-reasonable-price (GARP) investments in diversified sectors, serving retirement plans, advisors, institutions, and individual investors seeking lower volatility than the benchmark. The fund, previously known as Madison Investors Fund, underwent a name change to Madison Large Cap Fund effective February 28, 2025, with no alterations to its investment objective, strategy, or portfolio management team led by Head of Equities Rich Eisinger, Head of Mid Cap & Large Cap Equity Haruki Toyama, and Portfolio Manager Joe Maginot. Madison Investments, the fund's adviser founded in 1974 and headquartered at 550 Science Drive, Madison, Wisconsin, launched collective investment trusts (CITs) in March 2025 through a partnership with SEI Trust Co. for retirement plans, including large-cap equity strategies mirroring the fund's approach; debuted the actively-managed Madison Dividend Value ETF (DIVL) as part of a new ETF suite; transitioned to majority employee ownership in December 2023 to reinforce long-term independence; and entered a sub-advisory role with XA Investments for the rebranded XAI Madison Equity Premium Income Fund (formerly Madison Covered Call and Equity Strategy Fund) following shareholder approval in late 2024. These developments expand Madison's offerings in retirement solutions, ETFs, and alternative income products while maintaining focus on U.S. large-cap equities.